Washington, DC (PRWEB) November 14, 2016
In the wake of Donald Trump’s stunning presidential campaign win, the only certainty for health plans, hospitals and other providers, purchasers, pharma companies and others in the health care chain is that change is coming. During a recent Atlantic Information Services, Inc., (AIS) webinar, experts weighed in on what a Trump presidency will mean for the health care industry.
Trump’s election will cause “total panic” in the health care world as the new president and Republican lawmakers push for an immediate and full repeal of the Affordable Care Act (ACA), predicted Thomas Scully, who served as Centers for Medicare and Medicaid Services (CMS) administrator under President George W. Bush, and is now a general partner with Welsh, Carson, Anderson & Stowe, a private equity firm in New York. A vote to repeal the law could come weeks or even days after the inauguration. And it will pass, he told webinar attendees. “That will send a shiver through everybody.” But without a plan to replace the ACA, nothing will happen until at least 2019 as lawmakers spend the next two years debating alternatives. After that, the delays will continue with few, if any, changes, he predicted. “Republicans agree that they hate the ACA and that it needs to be repealed. But they can’t agree on how to replace it, and will kick the can down the road again and again,” he added.
Robert Laszewski, president of Health Policy and Strategy Associates, is dubious that Republican lawmakers would repeal the full law or provisions of it, and predicted gridlock. Scully acknowledged that a full repeal of the law might be difficult. While Republicans would push to eliminate mandates and federal subsidies, they won’t be able to get rid of the guaranteed-issue provision. And that would leave “an absolutely impossible situation” for the insurance companies, he said.
Visit https://aishealth.com/marketplace/c6m22_trump for information on purchasing a recording of the webinar, which also included predictions from Laszewski, Scully and Tom Miller, a resident fellow at the American Enterprise Institute, on several other health policy issues the next president is likely to face.
Atlantic Information Services, Inc. (AIS) is a publishing and information company that has been serving the health care industry for nearly 30 years. It develops highly targeted news, data and strategic information for managers in hospitals and health systems, health insurance companies, medical group practices, purchasers of health insurance, pharmaceutical companies and other health care organizations. AIS products include print and electronic newsletters, databases, websites, looseleafs, strategic reports, directories, webinars, virtual conferences and training programs. Learn more at http://AISHealth.com.